Two suspects have been arrested for shooting death of a juvenile in Denver.

Two suspects have been arrested in connection to a shooting death in Denver.

Shardae Rideaux, 19, and Gabrielle James, 23, are in custody for a March 7 shooting in the 2500 block of Welton Street, police said in a news release. The victim, a juvenile, was taken to a local hospital where she was pronounced dead.

Rideaux is being held for investigation of first-degree murder, police said. James  is being held for investigation of accessory to a crime. The arrest affidavit in the case is sealed.

Oil Futures Rebound, Settle Nearly 8.5% Up

Crude oil prices climbed higher on Thursday after a report from the International Energy Agency (IEA) about possible supply loss from Russia in the coming weeks due to the sanctions imposed on the country.

Slightly fading hopes about a ceasefire deal between Russia and Ukraine contributed as well to oil’s uptick.

West Texas Intermediate Crude oil futures for April ended higher by $7.94 or about 8.4% at $102.98 a barrel.

Brent crude futures were up $9.46 or 9.7% at $107.44 a barrel a little while ago.

IEA warned that the implications of a potential loss of Russian oil exports to global markets cannot be understated. The agency’s report said about 3 million barrels per day of Russian oil and products could be shut in from next month.

The IEA has acknowledged that Russia’s invasion of Ukraine has brought energy security back to the forefront of political agendas. Citing the marked impact on inflation and economic growth that a sustained surge in oil and commodity prices could have, IEA has also lowered its expectations for GDP as well as oil demand.

Oil prices had tumbled on Wednesday after data from Energy Information Administration showed U.S. crude inventories dropped by 4.3 million barrels last week as against expectations for a 1.4 million barrel decline.

This Cauliflower Shawarma Reaches for Spring

A vegetarian take on the Middle Eastern dish, this recipe straddles the seasons.

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By Melissa Clark

How Much Watching Time Do You Have This Weekend?

Our TV critic’s recommendations this week include a pirate comedy, a Jane Austen drama and an Australian newsroom show set in 1986.

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By Margaret Lyons

The Avant-Garde Filmmaker Who Tried to Tell the Truth

An innovative retrospective of work by Jonas Mekas reveals the fundamental honesty of his “diary” films.

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By Will Heinrich

GameStop Corp. Q4 Earnings Summary

Below are the earnings highlights for GameStop Corp. (GME):

Earnings: -$147.5 million in Q4 vs. $80.5 million in the same period last year.
EPS: -$1.94 in Q4 vs. $1.19 in the same period last year.
Excluding items, GameStop Corp. reported adjusted earnings of -$141.4 million or -$1.86 per share for the period.

Analysts projected $0.84 per share
Revenue: $2.25 billion in Q4 vs. $2.12 billion in the same period last year.

FedEx Corporation Q3 Profit Increases, but misses estimates

FedEx Corporation (FDX) revealed earnings for its third quarter that increased from the same period last year but missed the Street estimates.

The company’s bottom line came in at $1.1 billion, or $4.20 per share. This compares with $0.89 billion, or $3.30 per share, in last year’s third quarter.

Excluding items, FedEx Corporation reported adjusted earnings of $1.22 billion or $4.59 per share for the period.

Analysts on average had expected the company to earn $4.64 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 9.8% to $23.6 billion from $21.5 billion last year.

FedEx Corporation earnings at a glance (GAAP) :

-Earnings (Q3): $1.1 Bln. vs. $0.89 Bln. last year.
-EPS (Q3): $4.20 vs. $3.30 last year.
-Analyst Estimate: $4.64
-Revenue (Q3): $23.6 Bln vs. $21.5 Bln last year.

-Guidance:
Full year EPS guidance: $18.60 to $19.60

European Economics Preview: Bank Of England Set To Hike Rate

The Bank of England is expected to raise its key rate for the third straight meeting on Thursday, as inflation is likely to accelerate more than anticipated due to higher energy prices amid the war in Ukraine.

The monetary policy announcement and the minutes of the meeting from the BoE are due at 8.00 am ET. Markets expect the bank to lift its key rate by a quarter-point to 0.75 percent from 0.50 percent.

Other statistical reports due for the day are as follows:

At 3.00 am ET, the European Automobile Manufacturers’ Association, or ACEA, releases Europe’s new car registrations for February. Passenger car sales had fallen 6.0 percent to reach 682,596 units in January.

At 4.00 am ET, harmonized inflation figures are due from Austria and Slovakia.

At 6.00 am ET, Eurostat releases euro area final inflation data for February. According to flash estimate, inflation advanced to a fresh 5.8 percent from 5.1 percent in January. The statistical office is expected to confirm the flash estimate.

At 7.00 am ET, Turkey’s central bank announces the outcome of its monetary policy meeting. Economists expect the bank to hold its one-week repo rate at 14.00 percent.